Paylocity Holding Corporation $PCTY Stock Position Raised by American Century Companies Inc.

Key Points

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American Century Companies Inc. grew its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY - Free Report) by 47.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 514,194 shares of the software maker's stock after purchasing an additional 164,397 shares during the period. American Century Companies Inc. owned approximately 0.93% of Paylocity worth $96,329,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. TCTC Holdings LLC increased its holdings in shares of Paylocity by 115.9% during the first quarter. TCTC Holdings LLC now owns 149 shares of the software maker's stock valued at $28,000 after purchasing an additional 80 shares during the period. USA Financial Formulas acquired a new position in shares of Paylocity during the first quarter valued at $29,000. Hughes Financial Services LLC acquired a new position in shares of Paylocity during the first quarter valued at $48,000. Bayforest Capital Ltd grew its holdings in Paylocity by 69.1% during the first quarter. Bayforest Capital Ltd now owns 296 shares of the software maker's stock worth $55,000 after acquiring an additional 121 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in Paylocity during the fourth quarter worth about $72,000. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Paylocity news, SVP Andrew Cappotelli sold 1,717 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $176.74, for a total transaction of $303,462.58. Following the completion of the sale, the senior vice president directly owned 11,953 shares in the company, valued at approximately $2,112,573.22. This trade represents a 12.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 21.91% of the company's stock.

Wall Street Analysts Forecast Growth

PCTY has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on Paylocity from $226.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. KeyCorp lifted their target price on Paylocity from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Cantor Fitzgerald initiated coverage on Paylocity in a report on Thursday, August 14th. They set an "overweight" rating and a $215.00 target price on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $270.00 target price on shares of Paylocity in a report on Tuesday, April 29th. Finally, Barclays lowered their target price on Paylocity from $209.00 to $190.00 and set an "equal weight" rating on the stock in a report on Monday, July 21st. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Paylocity presently has an average rating of "Moderate Buy" and an average price target of $222.71.

Paylocity Stock Down 1.8%

NASDAQ PCTY traded down $3.25 during trading on Thursday, reaching $178.02. 450,721 shares of the company's stock were exchanged, compared to its average volume of 485,245. Paylocity Holding Corporation has a fifty-two week low of $150.87 and a fifty-two week high of $223.80. The firm has a market capitalization of $9.82 billion, a PE ratio of 44.39, a P/E/G ratio of 3.52 and a beta of 0.54. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. The company's fifty day simple moving average is $180.97 and its 200-day simple moving average is $189.67.

Paylocity (NASDAQ:PCTY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.18. Paylocity had a return on equity of 22.08% and a net margin of 14.24%.The firm had revenue of $400.74 million during the quarter, compared to analyst estimates of $388.25 million. During the same period last year, the company posted $1.48 EPS. The business's quarterly revenue was up 12.2% compared to the same quarter last year. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Sell-side analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Paylocity Company Profile

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.